PMI
CAPM · Question #226
In a preliminary meeting for a project, team members decide to execute the project with agile methodology. A finance team member wants to know how project cost will be determined at this early stage.
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Agile Frameworks/Methodologies
Question
In a preliminary meeting for a project, team members decide to execute the project with agile methodology. A finance team member wants to know how project cost will be determined at this early stage. How will the project team determine project cost?
Exhibit
Options
- AUse a lightweight cost estimation due to the nature of agile projects
- BUse a detailed cost estimation for agile projects
- CRetrieve a budget from a previous project and create a baseline for this project based on it
- DUse a detailed work breakdown structure (WBS) to get cost estimation
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Topics
#Agile cost estimation#Lightweight estimation#Agile planning#Progressive elaboration